Summary
For transparency, the Moonwell Apollo Aera vault on Polygon will transition from the volatility targeting strategy to the stablecoin yield strategy.
Rationale
The Guardian of the Aera Vault, Gauntlet, plans to deprecate the volatility targeting strategy and is making significant investments in optimizing stablecoin yield. Stablecoins make up the vast majority of the vault, currently 78% of its composition. Fully transitioning to the stablecoin yield strategy will enable the vault to comprehensively benefit from the latest yield strategies while mitigating risk from an older volatility targeting strategy.
Next Steps
Transition to stablecoin yield strategy.